May 2: Justin Sun’s Sneaky $56,444,454 Transfer
Today in Daily Web 3 News: Justin Sun transferred $56 million in TUSD to Binance, but Binance CEO Changpeng Zhao warned against potential SUI token grab, saying the Binance Launchpool is meant for retail users, not just whales. Meanwhile, Cathie Wood's Ark Invest bought $8.4 million in Coinbase shares, and a complaint was filed against Coinbase's KYC procedures. A lawsuit also claimed that Coinbase insiders didn't disclose negative information and got $1 billion richer. Finally, the Blur NFT lending protocol received mixed reactions from the community.
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0:00 - Intro
1:02 - CB Excs…
The skinny
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